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republicans pitch their plan to avoid the fiscal cliff and like the president's plan they don't expect to win over the opposition. a sfl senate fight. will republicans reject a personal plea from their former leader bob dole. he's making a rare visit to the senate floor to make his case. and now that we've had a whole month to digest that election day data, where you'll find those who voted for every presidential winner since 1956. that's in today's deep dive. i'm chuck todd feeling a little clogged up as you might hear. the fiscal cliff counteroffer has one thing in common. the differences between the new republican plan and what the white house proposed are stark when it comes to taxes. the gop calls for $800 million in new taxes. it's half of what the white house asked for. republicans to $67 billion. the gop plan changes how security benefits would be calculated. why he favors tax rates instead of eliminating deductions. not enough revenue. less revenue equals more cuts in education. republicans ruled that out saying the new revenue would not be achieved through higher tax rates which we
in the u.s., republicans and democrats are wrangling over how to avoid falling over this fiscal cliff. this week the president sent over his plan to republicans. there was $1.5 trillion in tax increases and an additional 50 billion in stimulus spending. republicans were not happen wet offer. john boehner called the plan bait and switch and minority leader much mcconnell made him burst into laughter. >> across the globe today is world aids day, the white house marking the event by displaying a red ribbon on the north portico, a life picture of the white house, an international show of support and awareness, in a proclamation president obama says in part that the united states is committed to preventing the disease is quote, spending and ending this pandemic once and for all. >> do same-sex couples have a constitutional right to mayor? we don't know yet. the u.s. supreme court held a closed-door meeting to decide whether to hear a series of appeals. but they didn't say if they will take action on the divisive issue. some took this as a sign that nine justices need more time. we expect a
closer to the fiscal cliff i think many republicans will realize it is an indefensible position to go back to their districts and say to 100% of their constituents, your taxes are going to go up because i was protecting 2%. >> okay. let me ask you about your party because one question is why is it so important to you, to the president, to other democrats that rates go up on the 2%, the wealthiest americans, because i know there are a lot of issues at play here, but it seems as though your side will not go anywhere until you get that. is that correct? >> no, look, what's important to me and to my party is that we reduce our debt. what's important is that we reduce our debt, but not on the backs of middle class and seniors. what's important is that we have debt reduction that is big, bold and balanced. to do that, you have to cut spending. we have already voted for $2 trillion in cuts. >> you won't budge on that 2%. i just want to make crystal clear that's the deal. >> we can negotiate. i'm all for talking and reasonable compromise, but it doesn't look like we're going to be able to get
for the heart and soul of the republican party. first the war of words over the fiscal cliff with hard core conservatives pushing boehner to hold firm on tax cuts and yesterday a livid or vivid illustration of the split was on display when bob dole wheeled himself on to the floor he once led that would ban discrimination against people with disabilities but the world war ii vet saw his efforts go down in bitter defeat due to several members of his own party voting know. joining me is congressman j.c. watts of illinois. what happened to the unity once displayed in the party not just the tax issue but not being able to pass something that was a republican idea like the u.n. disabilities treaty championed by folks like former senate majority leader dole, former president george h.w. bush what happened? >> thomas, i've been traveling the last couple of days and i've not seen all the details of what happened there, but obviously the republican party we're at a time of trying to reorganize we've had our heads handed to us a couple of times and national elections 2008 and 2012 and you know, there'
to handle the fiscal cliff? 48% believe president obama and republicans will reach an agreement but 43% say they won't. meantime, president obama is giving a stern warning to republicans who may be trying to use the debt ceiling as leverage. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which by the way we have never done in our history until we did it last year, i will not play that game. >> we should say that the president and house speaker john boehner did speak by phone yesterday. that was the first time in a week. no one is saying what the conversation was about. shortly after that call treasury secretary tim geithner went on cnbc and said the white house is ready to go off the cliff. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. it's only 2%. >> i want to bring in "usa today" b
is warning republicans not to use the fiscal cliff as a borrowing limit. both sides seem to be digging in their heels with no move to avoid the fiscal cliff. fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes not by raising rates own the wealthy as the president has demanded. >> we're not insisting on rates out of spite but rather because we need to raise a certain amount of revenue. >> we can't keep borrowing mown and raising taxes and expect the problem to go away. >> with no solution in sight the white house budget is now ordering the pentagon and other an an jencies to finalize their plan to avoid massive spending cuts. >> secretary of state clinton says nato's decision missiles to turkey sends a clear message that tour ski is backed by its allies. the big concern remains an increasely desperate assad regime will turn to chemical weapons as rebel fighting rages on. the u.s. and its partners are looking to apply additional pressure on at a conference next week. the regime insists they would not use wea
television. >> we are talking about the fiscal cliff. john harwood just got back from senate republican mitch mcconnell's home state of kentucky. here he is. >> in the senate the challenge is bring together red states and blue states. mitch mcconnell's kentucky is horse country. states represented by top congressional leaders, the reddest of all. among the top leaders of congress involved in fiscal cliff negotiations, the one facing the most home state pressure may be senate republican leader mitch mcconnell. he faces re-election in kentucky and a state where the tea party movement is alive and well. president obama may have won this election but would years ago, leaders of the tea party movement elected ron paul's son, rand, as kentucky senator over an establishment republican. one leader of that movement who runs a high-end audio equipment business says they could do the same thing in 2014 and this time take out mitch mcconnell if he agrees to raise taxes. >> we should not raise taxes in this country. we do not have a receive knew problem. i would like senator mcconnell to recognize that th
with house republicans who are angry at his new pitch to raise 8$800 million in fiscal cliff negotiations. we're expecting a news conference any minute now on that meeting. we'll bring it to you live. nancy pelosi spoke about it a few hours ago. here's what she had to say. >> i would hope that that would break the fall on the cliff, which is becoming more of a soil if they do that but really, we do need to put a down payment, not just in revenues which passing middle income tax cut means the end of holding them hostage. >> senior congressional correspondent dana bash is on capitol hill. so what's happening now? >> reporter: well, we have been talking to republican lawmakers as they have been coming out of this meeting that the house republican conference had this morning and i should tell you any moment we're going to see the speaker and the other members of the leadership. i'll sit down when that happens. but what we've actually heard is what went on behind closed doors is not the backlash from conservatives outside the congress but certainly groups that are very, very upset that the house r
administration is fully prepared to go off that fiscal cliff if republicans don't agree to tax hikes on the wealthiest americans. let's bring in congressional correspondent kate bolduan. the white house won't budge on taxes. the republican led house takes a break. can you make sense of this for us? >> i think that's a little above any of our pay grade trying to make sense of it all other than it seems that it's one more fight that we've seen over and over again and we are seeing once again it play out almost as it appears slow motion, carol. you mention the call between speaker boehner and president obama. they may have talked. no read out of the call per se. we are still a long way away from a deal that is for sure. why? because at its most basic neither side is giving on their primary position. president obama continues to insist over and over again any deal must include a tax rate increase on the top 2% of wage earners which republicans just as firmly insist is a nonstarter. today the president is going to continue his public pressure campaign according to the white house, he's me
stories. fiscal cliff talks getting ugly. the president is trying to sell his plan. republicans are furious. house speaker john boehner telling reporters the president needs to get serious. >>> former president, george h.w. bush is in stable condition this morning in a houston hospital. he was admitted a week ago and being treated for bronchitis. he's expected to be released in the next few days. he is 88 years old. >>> scientists report the mile thick ice sheets that cover greenland and antarctica are melting. we have lost tons of ice in the last 20 years raising the sea level by 7/16 inch. >>> thursday night football action. falcons in atlanta. they got off to a 17-0 lead before the saints scored a single point. atlanta defense had a good night. five interceptions. falcons go on to win it. they are now 11-1 on the year. atlanta could clench the nfc south if they lose to denver on sunday. >> all right. she's bruised, but not broken. coming up, inside lady liberty for a look at the damage left behind by sandy to see what needs to be done to get this american icon back up and run
house republicans to avoid the so-called fiscal cliff. also president obama's getting ready to speak this hour about an urgent national security issue. u.s.-led efforts to try to track down and eliminate loose nuclear weapons. that's coming up. >>> also, frightening now revelations about an al qaeda plot for a three-part terror attack on the united states embassy in iman, jordan. i'll ask the country's foreign minister for details. he's standing by live. i'm wolf blitzer. you're in "the situation room." >>> we begin this afternoon with brand-new republican offers to try to save the $2.2 trillion and avoid the so-called fiscal cliff. the across-the-board spending cuts and sharp tax increases that hit in just 29 days. let's get straight to our senior congressional correspondent dana bash. she's watching what's going on. dana, the tax rates, first of all, let's get to a major sticking point right now. there's been a counterproposal from house republicans to the white house. you have details. >> reporter: that's right. let's start exactly where you just began on those tax rates because t
for you. in republicans' counteroffer to avert the fiscal cliff, the rich get to keep their bush era tax cuts, even as the boehner budget slashes $1.2 trillion in spending, half of it from medicare, medicaid, and other social programs. it is a lump of coal delivered by the republican reindeer to the vast majority of americans. as for new revenues, they have reached in santa's sack for that old favorite. they plan to raise $800 billion by closing loopholes and deductions. only one problem a problem that flummoxes no less than mitt romney and paul ryan throughout the campaign, a problem as real today as it will be tomorrow -- the math. as the president explained in his first post-election interview on bloomberg this afternoon. >> it's a simple proposition that you can't raise enough revenue, and if you don't raise enough revenue through closing loopholes and deductions, then it's going to be middle class families who make up the difference. >> indeed. as the president notes, you can't get $800 billion in revenue without eliminating, for example, charitable deductions, which would put all m
party. you're a republican, he's democrat. 30 days and counting until we go over the fiscal cliff unless congress in the white house cuts a deal to avoid tax cuts. it sounds like two groups of people are looking at two different sets of numbers. take a look. >> we prefer to do upfront alongside a deal that includes raising rates on americans. we are prepared to do a meaningful amount of spending on the saving side, not just to avoid the damage of the sequester but to help reduce our long-term deficit. >> i was disappointed by the president's proposal. i think it is essentially a rerun of his budget proposal. the revenue proposals are $1.6 trillion in revenue and tax increases. it's a massive tax increase. but also not significant and meaningful in entitlement reforms. >> so, anna, i hear comments like those and remarks by john boehner and the president of the united states and i wonder after the election, did we learn anything? because i -- my reading on the election was that the people, the voters wanted compromise. and for the people in washington to talk to each other not at each othe
and it is in fact easier for democrats to go over the fiscal cliff than it is for republicans because then all those tax cuts from the republicans are swept away. but it's too early. it's only december 6. we've got until december 31st and in washington that's a long time. >> a lifetime. you wrote yesterday the republicans are waving a white flag as big as a bed sheet. you wrote "right now bain ser hoping to lead his fractious gop to an orderly surrender. the question is no longer whether republicans will give on taxes, they already have. all that remains to be be negotiated is how they will increase taxes. s so what's the likely scenario as you see it now? >> the fact they have surrendered, saying we're offering up an $800 billion tax increase, that's a big deal but it doesn't save us from the fiscal cliff. as susan was suggesting, there's a long time to go between now and the 31st. they have to wait until that long because neither side wants to appear to be giving in too early. that means they've given away more than they had to. you've got the president out there stirring the pot, trying to bring
to just go on over the fiscal cliff and then blame the republicans for it. just before we went on air tonight, senator max bachus, who >> yeah. the senator pretty serious about that. bottom line, tonight both sides say that talks are stalled. the democrats are turning up the pressure on republicans. in a moment, our political panel will have some fun with this one, certainly about the president's opening offer, but first, congressman lee terry joins me live. i know there's a bit of a delay so i will ask the question, we can wait a moment and i will get your answer. i love it when politicians talk from the hip, especially using colorful language like "we're screwed either way," but i don't understand what you mean, because as i see it, there's still this extraordinarily powerful tool called the debt ceiling and y'all have to be on board for that. so how do you not see that as a good tactic for negotiating? >> well, that is probably the only level of leverage we have, but what many of us fear, we come back from the election, we want to get the fiscal cliff resolved, but yet we aren't se
counterproposal on avoiding that fiscal cliff. the republican plan totals $2.2 trillion in deficit reduction over ten years. now, the part that stood out to us was the $600 billion in proposed savings in medicare reforms in part by raising he will he wieligibility from 65 t. dn pfeifer says it provides to details on which deductions they would eliminate, which loopholes they will chose, or which medicare savings they would would achieve. jason is the chief political correspondent at politics 365 and john bray bend ser a republican political consul can't and former senior strategist. welcome to you both. >> good morning. >> good morning. >> so i keep wondering, you know, why are the two parties negotiating in public? wouldn't it be better if they negotiated behind closed doors, jason? >> they're not going to negotiate behind closed doors because nothing gets done. what you see right now with the republican proposal on monday, it was similar to what the democrats were offering in 2010. and john boehner is under a tremendous amount of pressure to look tough. they want to beat their chests and say we
into that report. looking forward to that. >>> first it was republicans throwing the president's fiscal cliff plan right back at him. now it's the president's turn. he rejected an offer that included no raise in tax rates for the top 2% of americans, seemed to indicate a little wiggle room on his insistence the taxes go up for the wealthy from 35% to 39.6%. here's what he told bloomberg tv. >> do they have to go up to 39.6% now? >> let me sort of describe the process here for you, juliana. let's let those go up and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform, look at what loopholes and deductions both democrats and republicans are willing to close and it's possible that we may be able to lower rates by broadening the base at that point. >> want to get to stephanie cutter former deputy campaign manager for obama 2012. stephanie, nice to have you with us this morning. appreciate your time as always. you're the -- >> thanks for having me. >> that was your old job. the former campaign manager. feels like the campaign is not over. t
edges closer to going over the fiscal cliff. democrats and republicans cannot agree how to raise revenue and cut spending. on january 1st, as many of you know, taxes go up and doeep spending cuts take effect. the sunday talk shows reflect how far apart they are what we will not do is extend those tax cut force the wealthiest americans. there's no possibility that we will find a way to get our fiscal house in order without those tax rates going back up. >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making a concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. >> speaker boehner added he is flabbergasted by the administration's proposals while secretary geithner said he believes a deal can be reached by the end of the year. >>> we could find out this morning if the supreme court will take up the issue of same-sex marriage. at 9:30 eastern, the court releases its orders list. there's a possibility justices will hear cases that challenge the federal defen
? >> the two leaders discussing the fiscal cliff by telephone yesterday. no word of significant progress with just 26 days remaining to get a deal done. but there are signs of compromise. oak e oklahoma's republican senator breaking ranks, saying he's okay with raising taxes on the rich. >>> two seizures off the coast of the dominican republic last month, authorities recovering more than 50 bails of coke. it is weighing close to two tons. the drugs had a street value of $45 million. it will now be destroyed. >> are you losing your keys or misplacing your wallet. >> yes. >> there may be a quarter-sized blue tooth enabled button to communicate with a smart phone. >> sneakers, that's hysterical. >> the app will have a radar feature if they're getting warmer or colder. >> my blackberry charger. that's what i need it for. >> it just has to tell you where it is. >>> a sticky situation on a highway. in new hampshire, a tractor-trailer loaded with a cargo of maple syrup overturned on the interstate near mansfield, new hampshire. diesel fuel also spilled on to the highway. >>> 17 minutes after th
-faced lie about the facts. here's the democratic and republican opening bids on the fiscal cliff. but the revenue side of the republican proposal just doesn't match up with reality. you can't get $800 billion in revenue from lowering rates and closing loopholes and deductions. can we get on that page? it doesn't come close to adding up, unless you get rid of just about every deduction for the middle class that's out there. is that what this election was about? president obama has been clear about it all along. >> unfortunately, the speaker's proposal right now is still out of balance. you know, he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. and when you look at the math, it doesn't work. >> you see, if we lower these rates, then the job creators will go out there end and all this money to hire a bunch of people, and that's going to contribute more to the tax base. and gosh, we're just going to take care of all of our problems. we have tried this stuff, and it didn't work. when leaders mcconnell and boehner feed th
to allow the country to just go on over the fiscal cliff. and then blame the republicans for it. just before we went on air tonight, senator max bachus, who chairs the senate finance committee, a democrat, indicated that scenario isn't out of the realm of possibility. listen to how he put it. >> if the other side is completely intransigent that the president has probably no choice but to say okay, we're going to go over the cliff. that would not be my first preference. >> yeah. the senator pretty serious about that. bottom line, tonight both sides say that talks are stalled. the democrats are turning up the pressure on republicans. in a moment, our political panel will have some fun with this one, certainly about the president's opening offer, but first, congressman lee terry joins me live. i know there's a bit of a delay so i will ask the question, we can wait a moment and i will get your answer. i love it when politicians talk from the hip, especially using colorful language like "we're screwed either way" but i don't understand what you mean, because as i see it, there's still this
away from the so called fiscal cliff. a drastic combination of mandatory spending cuts and tax hikes that could plunge the united states back into a recession. while there are plenty of hard w0rds from both sides, some terms of a possible zeal are making the rounds. kate bolduan has been following the back and fourth. >> don't get too excited about that, there's only one way to avoid the fiscal cliff. spending cuts and tax hikes. house republicans and president obama need to strike a deal on reducing the national debt. they have soundly rejected a white house offer that included $1.6 trillion in revenue, $400 billion in medicare and other entitlement savings, as well as a permanent increase in the debt limit among other things. so far, the rhetoric has not softened. treasury secretary tim geithner arriving on capitol hill for high level talks, most notably with house speaker john boehner. >> good morning, everyone. >> how did it go? just listen. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious. about real spending cuts. >> a
is coming up next. he also has interesting things to say about the impact of the fiscal cliff is uncertainty. also ahead -- >> i don't understand his brain, so you should ask him. >> senate majority leader harry reid digging in his heels, referring to house speaker john boehner when asked about the republican's position that the ball is in the democrat's court. he said he doesn't understand his brain. we'll hear what reid's nevada constituents think about the job he's doing. >>> also, could our debt mean the death of the dollar bill? i don't mean the value of the dollar. i mean the actual dollar bill. it may be on the endangered species list. stay with us. back in a moment. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> welcome ba
would happen if we go over the fiscal cliff. the president is counting on that. >> which republicans? boehner doesn't get -- some of these guys go back to the auto parts shop where they came from before they were a tea party republican, wherever they -- you can't -- it's not a monday know lit. you can't get mad at the house. >> people pointed out some of the republicans were there and congress don't care. >> no, why would they? >> i don't necessarily think president obama cares that much either. his leg legacy is about obamacare, redistribution. and you can't control the economy. you can divide the pie better, but it will have these cycles. bush messed things up. i did the best i could, but he'll redistribute and that will happen, we'll spread the wealth around. and i don't think he cares that much about it. >> you don't think he cares about -- >> his chief of staff during the cry says said you'll be -- this is job one, the crisis. and he go that's not enough. he wants to be transformative. i don't know. we'll see. i asked the first time around why isn't he more concerned with job gr
the white house is ready to over the cliff if republicans don't budge on taxes. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. >> alan simpson co-chair of the president's debt commission, says both sides are making a high stakes gamble. >> when you have leaders of parties and people of the administration saying, i think it will be to the advantage of the democrats to go off the cliff, i think it will be advantage to the republicans to go off the cliff, or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. >>> syria on the bring. secretary of state hillary clinton holds emergency talks with russia as u.s. officials confirm reports that the syrian military is prepared to launch chemical weapons against its own people. >> we've made it very clear what our position is with respect to chemical weapons and i think we will discuss that and many other aspects. >> the whole world is watching. the whole world is watching very closely. and the president of the united states has made very clear that there will b
the hour. with republicans and democrats now battling each other over the fiscal cliff, there may be one person who can unify washington. it's a shame he doesn't work on capitol hill, at least not yet. >>> earth as we've never seen it before. fascinating images from outer space, all in the same place. we'll have the photos for you in about ten minutes. pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. by december 22nd wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i kno
the fiscal cliff. the way republicans in congress and the president solved the debt ceiling crisis was to build this cliff, that we're now supposedly dangling off of. they invented this deadline we're up against. the debt ceiling fight was a disaster, and now republicans, surprise, want to have that fight again. "the new york times" reports that one idea bouncing around the right side of the aisle is this. the republicans will extend tax cuts for the middle class, and then when they need to raise the debt ceiling, quote, demand deep concessions on medicare and social security as a price to raise the debt ceiling. one republican senator reportedly called the debt ceiling the line in the stand. the odds are pretty close to zero that we mint a $1 trillion coin in order to pay off some of the debt. but there's striking movement in the direction of changing the rules so we don't ever have to fight over this completely unnecessary issue ever again. remember, this is important. the debt ceiling isn't about incurring future debt. it's about the money congress has already duly authorized an
cornyn, republican from texas, saying apparently the president wants us to go over the fiscal cliff. this is serious business, demanding higher taxes, more stimulus, no spending cuts and no plan to preserve and protect social security and medicare will not solve our fiscal crisis. it will make that crisis much worse. what is your response to cornyn's reaction? >> well, i would say to senator cornyn, where have you been? we've just had an election. the people had a choice between mitt romney and president obama who said let's have a balanced plan, and let's give tax cuts to the middle class. what is he talking about? this is about tax cuts. the president is saying, renew the payroll tax cut. give tax cuts to every dollar earned up to $250,000. i don't know what they're thinking, thomas. but obviously, they are putting it all on the line for the koch brothers and sheldon adelson who earn billions of dollars. they're selfish. and there's a group called patriotic millionaires who are saying please, please, tax us fairly. and here's the point. the president is saying to the millionaires
the fiscal cliff will hurt our economy. it will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester and pave the way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy and protect american jobs and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms it's going to be impossible to address our country's debt crisis and to get our economy going again and to create jobs. so right now, all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president, congressional democrats to tell the american people what spending cuts they're really willing to make. with that, i'll take a few questions sfwl speaker boehner, why will you not tell democrats what specific spending cuts you would like to see, especially within entitlements? >> it's been very clear over the last year and a half, i've talked to the president about many of the
of the fiscal cliff and facing and there's a narrative, those critics of the republican party saying it looks like the republicans don't care about the middle class and care about the wealthy 2% so whether it's old white men as you and others have said or the 2% versus the 98%, either narrative is no good looking at race to how much cash you have in your pocket. 2% of a whole lot of 98% are trying to get their kids something nice for christmas and maybe if they're lucky get the kid in college with no debt. >> you're right, tamron. it is more than race. it is economics. and you're also right that the republican party will condemn itself to be on a national level, to be a party that's going to carry only a few western states, a shrinking number as the hispanic vote increases and a few states of the old south. and it will not carry the rest of the country. for reasons both of ethnicity and race and age and gender and, also, of economics. you can't sell the message that we're going to give tax breaks to millionaires and billionaires and forget about the middle class and expect to be elected presi
on the fiscal cliff with the deadline at the end of the month republicans are calling the white house's new proposal unrealistic, while president obama takes it on the road to rally support. joining me now isdom senator ben card enmember of the budget and finance committees. senator thank you for joining us. >> my pleasure. >> let's talk take a look at probe's proposal. a $50 billion stimulus package. some have characterized this as a democrats' wish list. can you put into perspective how realistic this is? >> i think it is a realistic next step. remember we've already done close to $1 trillion in deficit reduction during the debt ceiling agreement. so we've gotten $1 trillion of discretionary domestic spending savings. it's time now to move on the revenues. quite frankly, i think the easiest next step, i would hope this could happen as early as this week, is to pass the continuation of the lower tax rates for those under $250,000 of taxable income. get that done. everyone agrees on it. it helps the holiday season. it gives confidence. we know we have to get beyond that. we know we also hav
love "the washington post" headline. republicans losing blame game on fiscal cliff. neener. majority of americans say if the country goes over the cliff on december 31st, congressional republicans should bear the brunt of the blame. "washington post" pew poll -- >> pew pew. >> stephanie: latest time the g.o.p. faces a tireless task between now and the end of the year. 53% say the g.o.p. would and should lose the fiscal cliff blame game. 27% say the president. so there. [ ♪ nah nah nah nah nah ♪ ] >> stephanie: a tee and then a hee. donna says i got my tickets. steph, as your official vegetarian travel agent i got meet and grope tickets. so did many of our stephanie and the mooks meet up group. >> i love that. >> stephanie: not that kind of meet. we're having a celebration dinner this sunday to celebrate getting meet and grope tickets to what -- >> it's a new year and time for a new inauguration. >> the president of the united states is once again barack obama. s. ♪ >> time for a new sexy lib
over the fiscal cliff. >> stephanie: yes, and it is because of republicans. you know what the funny names for republicans, just leave that to us. [ bell chimes ] [ applause ] >> stephanie: david marshmallow. yeah. hi, bob. >> caller: good morning. i just wanted to call about the bob costas thing and just say i started shooting when i was ten year's old, and i still believe there is a place for regulation in gun control. >> stephanie: uh-huh. >> caller: and i think the people that shout the loudest don't speak for even the majority of gun owners and i think there is this trained pavlovian dog whistle, and there's no room for discussion. >> stephanie: yeah, and he wasn't even talking about gun-control legislation. how can anybody say that is not true? i bet there would be a lot of domestic disputes that would not end this way if there were not a gun in the house. >> caller: i agree completely. he was quoting a writer from kansas city, who was closer to the situation. but the important part for my point is they attack nbc, and bob costas and they believe they shoul
for republicans going forward. our fiscal cliff-mas gift today alan smith gets down gangnam style. what the senator is saying about the video that's gone viral watching the daily rundown only on msnbc. u see this? oh, let me guess -- more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. this season, discover aleve. restore revive rejuvenate rebuild rebuild rebuild when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a res
if they go over the fiscal cliff. >> power panel, jackie, alfonso, thank you. >>> grover norquist is going to join my colleague, alex wagner, and discuss whether the republican plan meets his expectations. that's coming up in the next hour on "now ". >>> made in the usa. iran claiming that they captured a u.s. drone. >>> plus, prince william in and out of the london hospital visiting his wife kate dealing with extreme morning sickness after being diagnosed as pregnant. it's causing a lot of speculation, though, about what is causing this morning sickness. could it be twins? 28 days to go, who would you blame if the nation goes over the fiscal cliff? tweet me @thomasaroberts . also, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. can i still ship a gift in time for christmas? yeah, sur
the republicans if we go over the fiscal cliff. and this gives frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> grover norquist, here's the problem, it seems to me. again, as long as the posturing goes on with fairly ridiculous offers on both sides and lots of political rhetoric along the lines of well, they're not giving an inch, we're going backwards, you can't really go backwards from a position of complete standstill, as far as i'm concerned. as this goes on, the american economy stalls, wall street's nervous, the consumers that should be out there now buying lots of christmas presents and boosting the economy will be reticent because they'll be thinking hang on, what's going to happen come the end of the year, am i suddenly going to have to find more money. everything starts to once again get paralyzed and somebody's got to give here. now, are the republicans prepared to go over this cliff on the pure point of refusing to allow increased income tax on the richest 2% of the country? and if so, why? it's such a small thing to fall ov
the baby boomers leave. >> eric: okay. ange, where are you? where do you fall on the fiscal cliff? >> guest: last week i said let obama have what he wants. republican member should vote present. maybe not even let him go off the cliff. let it go through and let barack obama have what he wants. people voted for it. we slide in recession and we say look, we had it their way. i think they are not carrying about the nation's future. right now, $136,000 household in debt. this is about getting re-elec re-elected. i want to say something quickly about the simpsons. it's dangerous to trivialize what is going on. simpson, if we go up the fiscal cliff simpsons are hit the hardest. the taxes go up 9,000%. writers of the simpson, the taxes will skyrocket. this isn't a joke. >> bob: you are right. but this is not going to happen. there is adjustment to social security. real cuts. >> eric: you know what -- >> bob: can i say something? >> eric: you add ornaments to add things. in obama added this little thing the other day. he said i don't want a debt ceiling or bound like it going for it. debt doesn't m
that proposal. i worry that he's already decided to take us off this fiscal cliff to blame republicans. it might be a short term political victory but it's terrible for the economy. i think that's the wrong way to go. >> senator casey, you heard what congressman brady just said, bills neither the senate or the house is going to pass each other's bill. it doesn't make sense to lay out the ideas without getting closer together. what do you think is the realistic way to find agreement and can you two as the chair and vice chair of the jec can you two find consensus? >> kevin is a good friend and great vice care of our xhe, we work well together and that mutual respects is part of this. i think there's too much cover annual of the personalities of the president and the speaker and all that. that doesn't matter. the key thing is let's focus on priorities like growing the economy, focus on getting an agreement. we may not get all of this done by the end of the year but i think we can move forward. >> what do the nuts and bolts look like, we know what the proposals are in terms of 1.6 in tax increases
. >> welcome back. >> yesterday the white house fiscal cliff proposal made top senate republican mitch mcconnell laugh, we are told. >> today the rhetoric continued. eamon javers breaks down all the hardball offers and the reactions in washington. over to you, eamon. >> hi, guys. we got a lot going on here in washington this week. a lot of horse trading. we dealt with a lot of the spee speech. the white house is saying they'd like to see $1.6 trillion in tax increases up front here. they'd like to continue the payroll tax credit. they want a permanent increase in the debt limit and a one-year extension of expanded jobless benefits. they want at least $50 billion in spending as a stimulus to the economy. that was the white house ask that prompted that laugh from mitch mcconnell when tim geithner gave it to him yesterday. today in an interview with "the wall street journal," mcconnell floated his own balloon of what he'd like to see. here are some of the elements. mcconnell saying they want changes to entitlement eligibility. they would agree to more tax revenue, yes, but not higher rates.
, a lot of news to get to on this monday. first, of course, talks over the fiscal cliff. they are going nowhere fast. democrats, they're basically telling republicans, hey, ball's in your court. we'll take you live to the white house for that. also, as the city grieves over an nfl player's tragic breaking point, new debates today about gun control and domestic violence. you'll hear both. but first, the u.s. has long believed syria has a huge stockpile of chemical weapons. now new concerns that chemical arsenal is on the move. secretary of state hillary clinton today issuing another stern warning against syria, using these weapons. the syrian foreign ministry quick to respond here saying it would not use chemical weapons against its people if it had any, but this announcement as turkey is sending warplanes to its border with syria after the syrian military bombed a nearby town of ras al-ain. you can hear that and see the smoke. this is the turkish side of the border. this is fueling more fears that more of syria's violence will spill into its neighbor to the north, being turkey. security
both hint that a deal to avoid the fiscal cliff is on the way. possibly in time for santa. i asked republican john cornyn whether he thinks that is a reality. >>> and governor romney sits down with the president since the election, actually since the debates. does this do either of them any good? rick santorum is out front. and julian assange is out front to answer critics and our questions tonight. let's go "out front." >>> good evening, everyone. i'm erin burnett, outfront tonight, an early christmas miracle. or at least the glimmer of one today. barack obama bringing glad ti tidings of great joy to avoid the fiscal cliff. >> i will go anywhere and do anything it takes to get this done. it's too important for washington to screw this up. >> and john boehner, not to be outdone, put a little early present under the tree too. >> i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> these are pretty glum faces to deliver those presents. no smile from either one of them. but investors didn't care, they're excited about the present,
end of the day, down 63 points. more on the republicans' counterproposal on the fiscal cliff coming your way as we get under way with the second hour of the "closing bell" with maria bartiromo. i'll see you tomorrow. >>> hello, 4:00 on wall street. do you know where your money is? welcome back to "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. happy monday to you. this market beginning the new month lower as the gop today puts out a counteroffer on the fiscal cliff. take a look at how we're finishing the day on the wall street. dow jones under water with decline about 60 point. 12,966. last trade on the index. nasdaq gave up some ground today, to the tune of eight points finishing at 3002 on the session. and the s&p 500 down 6.70 points at 1409. >>> december a historically good month for the markets. the s&p has risen 8 of the past 1 years in the final month of yeert. with fears of the looming fiscal cliff, can the trend continue? we're bringing in mike from yahoo! finance and cnbc and yahoo! have a business alliance to share and co-produce editorial
cliff? >> if republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a time when the american economy is doing exceptionally well, then there will not be an agreement. >> but house speaker john bigger is digging in himself, admitting talks are going nowhere. speaker boehner also described the moment when secretary geithner first showed him the president's opening offer. >> i was just flabbergasted. i looked at him and said, "you can't be serious." i've just never seen anything like it. you know, we've got seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. right now i would say we're nowhere, period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. they've actually asked for more revenue than they've been asking for the whole entire time. >> what are the chances we're going to go over the cliff? >> there's clearly a chance. >> lindsey
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